HomeLight

APRIL 14, 2023

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan. We’re seeing more rate buydowns from sellers. Note that some items are based on a percentage of the loan amount.

Closing costs 100

Closing costs Closing Purchase and sale agreement Title 100

HomeLight

JULY 12, 2022

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Title search fees: (.05%-1%

Seller concession 105

Seller concession Closing costs Renovation Title search 105

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Or their employment or financial situation might have changed, thus affecting their ability to get a loan. Marketing your home is time-consuming. You’ll still have selling costs, which may include transfer taxes and settlement fees.

Purchase and sale agreement 88

Purchase and sale agreement MLS Pre-approval Agents 88